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Crypto Industry Cites Privacy Concerns Ahead of OECD Report

Oct. 4, 2022, 6:35 PM

The crypto industry’s top concerns about the digital asset tax reporting framework being rolled out by Group of 20 nations include issues related to decentralized finance and government access to sensitive account information.

Several industry representatives are concerned that the framework as written creates privacy issues, particularly when it comes to reporting information about wallet addresses.

The Oct. 6 meeting of the Inclusive Framework on BEPS will provide an update on the Organization for Economic Cooperation and Development’s Crypto-Asset Reporting Framework, designed to standardize the information gathered and shared by global tax authorities. The OECD will present the framework—which ...